FIEVET-DUEZ: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FIEVET-DUEZ
Largest movements
- Tangible fixed assets +€60,183
up €60,183 (+229%), from €26,291 to €86,474
of which Leasing and similar rights: +€75,071
- Cash -€4,496
down €4,496 (-27.8%), from €16,156 to €11,660
mainly Investment in fixed assets (net) (-€69,100) and Other debts (-€5,753)
- Debts after one year +€43,473
up €43,473, from €0 to €43,473
- Reserves +€17,608
up €17,608 (+62.0%), from €28,403 to €46,011
- Other debts -€5,753
down €5,753 (-100%), from €5,753 to €0
- Current portion of long-term debt +€1,295
up €1,295 (+20.8%), from €6,228 to €7,523
- Gross operating margin +€4,637
up €4,637 (+14.4%), from €32,260 to €36,897
- Depreciation -€3,658
down €3,658 (-29.1%), from €12,574 to €8,916
- Taxes +€3,006
up €3,006 (+52.4%), from €5,739 to €8,744
- Financial charges +€1,455
up €1,455 (+766%), from €190 to €1,645
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,373 | €105,964 | +€57,591 | +119% |
| Fixed assets | 21/28 | €26,291 | €86,474 | +€60,183 | +229% |
| Tangible fixed assets | 22/27 | €26,291 | €86,474 | +€60,183 | +229% |
| Furniture and vehicles | 24 | €15,540 | €2,514 | -€13,026 | -83.8% |
| Leasing and similar rights | 25 | - | €75,071 | +€75,071 | |
| Other tangible fixed assets | 26 | €10,751 | €8,890 | -€1,862 | -17.3% |
| Current assets | 29/58 | €22,082 | €19,490 | -€2,592 | -11.7% |
| Amounts receivable within one year | 40/41 | €5,214 | €6,198 | +€984 | +18.9% |
| Trade receivables | 40 | €4,798 | €5,046 | +€248 | +5.2% |
| Other amounts receivable | 41 | €416 | €1,152 | +€736 | +177% |
| Cash at bank and in hand | 54/58 | €16,156 | €11,660 | -€4,496 | -27.8% |
| Deferred charges and accrued income | 490/1 | €713 | €1,633 | +€920 | +129% |
| Total equity and liabilities | 10/49 | €48,373 | €105,964 | +€57,591 | +119% |
| Equity | 10/15 | €33,539 | €51,147 | +€17,608 | +52.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,403 | €46,011 | +€17,608 | +62.0% |
| Distributable reserves | 133 | €28,403 | €46,011 | +€17,608 | +62.0% |
| Profit (loss) carried forward | 14 | €3,136 | €3,136 | = | 0.0% |
| Amounts payable | 17/49 | €14,834 | €54,817 | +€39,983 | +270% |
| Amounts payable after more than one year | 17 | €0 | €43,473 | +€43,473 | |
| Financial debts | 170/4 | €0 | €43,473 | +€43,473 | |
| Amounts payable within one year | 42/48 | €14,834 | €11,344 | -€3,490 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €6,228 | €7,523 | +€1,295 | +20.8% |
| Trade debts | 44 | €2,362 | €2,577 | +€215 | +9.1% |
| Suppliers | 440/4 | €2,362 | €2,577 | +€215 | +9.1% |
| Taxes, remuneration and social security | 45 | €491 | €1,244 | +€754 | +154% |
| Taxes | 450/3 | €491 | €1,244 | +€754 | +154% |
| Other amounts payable | 47/48 | €5,753 | €0 | -€5,753 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,574 | €8,916 | -€3,658 | -29.1% |
| Other operating charges | 640/8 | €106 | €0 | -€106 | -100% |
| Gross operating margin | 9900 | €32,260 | €36,897 | +€4,637 | +14.4% |
| Operating profit (loss) | 9901 | €19,580 | €27,981 | +€8,401 | +42.9% |
| Financial income | 75/76B | €3 | €17 | +€14 | +466% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +466% |
| Financial charges | 65/66B | €190 | €1,645 | +€1,455 | +766% |
| Recurring financial charges | 65 | €190 | €1,645 | +€1,455 | +766% |
| Profit (loss) for the period before taxes | 9903 | €19,393 | €26,353 | +€6,960 | +35.9% |
| Income taxes | 67/77 | €5,739 | €8,744 | +€3,006 | +52.4% |
| Profit (loss) for the period | 9904 | €13,654 | €17,608 | +€3,954 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,654 | €17,608 | +€3,954 | +29.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.